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Accounting Interview Questions
Questions Answers Views Company eMail

you purchase a machinary on a loan what is the joury entry for that and where will you show the the loan amount in balance sheet and show the ledger account?

OPI Global,

2 8674

What is contra account?

4 8115

Where will Contingent liability appears? And why it is not appear in Balance sheet?

ACS,

4 23654

What do you mean by domestic expenses?

ACS,

2 17217

What types of reports and accounts should a partnership company prepare?

2 4591

expand ERP

6 12152

I would like to know more about the piecemeal realisation of assets. What is the procedures needed when I couldn't sell off my assets immediately after the dissolution of partnership?

1 7998

Where is we show Discount Received in which head?

4 35807

if a company has to pay the salary in the month of april for the months of march,apil,and may to a person who joined in the company on 15march. what are the entries for the transaction ?

Genpact,

3 8192

what perposs calculate the fixed assets

Capital IQ,

5 11383

1. WHAT DOES SALES ON THE DEBIT SIDE OF A TRAIL BALANCE MEAN AND WHAT IS THE TREATMENT IN PREPARING TRADING PROFIT AND LOSS ACCOUNT. 2. IS IT POSSIBLE TO HAVE SALES ON THE DEBIT SIDE OF A TRIAL BALANCE.

1 5015

N N SALES: DEPT A 150000 DEPT B 2500 100000 newspaper 1000 rates 500 elect 250 salary 10000 stock 1/4/92 :dept A 2300 DEPT B - stock :1/4/93 dept A 1200 dept B 700 newspaper 300 prepare trading profit and loss account. thanx

1 3355

capital reserve and revenue reserve

1 9125

how are the items of the p& l linked to the items in the balance sheet

1 3624

My company liable to paid Service tax for GTA (Goods Transport Agency) in Jan,Feb & March month. our Transport made on 15.02.09 and Transport bill accounted on 02.03.09. on 25.02.09 Service tax reduced 12.36% to 10.30%. So my quastion is what rate should i caluculate to paid the tax. while transport date (12.36%) or Bill accounted date (10.30%) pl tell me.

4 11757


Un-Answered Questions { Accounting }

I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.

1924


My Total CTC is 12500(not gross salary), i am living in Mysore(non-metropoliton city) what will be the take home salary after deduction? thanks in advance.

1569


Physician samples should be charged under CST @ 5% manufactured in H.P. and transferred to other states

2245


With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?

2465


Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.

925


what is contribution? how does it help in taking managerial decisions?

1981


EXPAND_________SEAMEC

2041


Mention whether the account "cash" will be credited or debited when a company pays a bill?

1174


Please tell me about service tax, tds, vat & ITR return with A to Z completely detail.

2064


What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?

1690


anybody pls tell me about the service tax

2107


A person somehow gets hold of an extraordinary rare bird, keeps it as a pet for two years and then sells it off. Will related profit be taxable as capital gain?

2195


What entry to be passed for Duty draw back as receivable

1948


examole of cash to cash contra entry

2264


let me know the minimum Accounting Heads in an accounting system

4676